IRA Charitable Rollovers and RMD

Make a Tax-Free Gift Directly from Your IRA

Did you know you can support Green Foothills by making a tax-free gift directly from your IRA? If you’re 70½ or older, you can use your annual Required Minimum Distribution (RMD) to contribute, and potentially benefit from a tax advantage.

To qualify:

• You must be 70½ or older at the time of the gift.
• Distributions must be made directly from a traditional IRA account by your IRA administrator to Green Foothills Foundation (dba Green Foothills).
• The distribution must be completed by your financial institution’s RMD deadline.
• No goods or services can be received in return for the gift. You will receive written confirmation from Green Foothills for tax purposes

Tax Benefits:

• IRA Qualified Charitable Distributions (QCDs) are excluded from gross income on your federal tax return (IRS Form 1040), helping you avoid higher tax brackets that might result from RMDs.
• Your gift will count toward your RMD for the year, while avoiding federal income taxes on the distribution.

We always recommend consulting with your financial advisor to choose the best giving strategy for your unique situation.

For more information, please contact Justyne Schnupp ([email protected], 650.968.7243 x340)

Learn more about IRA Charitable Rollovers.